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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 38,017 $ 9,623
Short term investments 28,424 23,873
Receivables 26,432 17,560
Inventories 31,406 38,504
Other current assets 9,080 10,084
Total current assets 133,359 99,644
FIXED ASSETS, net 31,793 32,643
INTANGIBLE ASSETS, net 13,834 14,084
DEFERRED INCOME TAXES 7,209 6,940
OTHER ASSETS 916 929
Total assets 187,111 154,240
CURRENT LIABILITIES:    
Accounts payable 55,426 33,106
Accrued payroll and related benefits 3,370 10,351
Income taxes payable 2,453 228
Deferred revenue 17,705 7,482
Other accrued expenses and current liabilities 7,604 6,672
Total current liabilities 86,558 57,839
NON-CURRENT LIABILITIES 1,861 1,877
Total liabilities 88,419 59,716
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $.001 par value (5,000 shares authorized, no shares issued and outstanding) 0 0
Common stock, $.001 par value (100,000 shares authorized; shares issued – 30,439 at March 31, 2017 and 30,203 at December 31, 2016) 30 30
Additional paid-in capital 58,177 54,057
Treasury stock, at cost, 546 shares at March 31, 2017 and 517 shares at December 31, 2016 (9,659) (8,329)
Retained earnings 50,180 48,799
Accumulated other comprehensive loss (36) (33)
Total stockholders’ equity 98,692 94,524
Total liabilities and stockholders’ equity $ 187,111 $ 154,240